WEATHER »

Caruso Gets Reduction in Miramar Property Value


Miramar Hotel owner Rick Caruso recently came to an agreement with the Santa Barbara County Assessor’s Office for a reduction in property value. While Caruso said the value of the property was $5.5 million, the county had appraised the property at $54.9 million. The two sides stipulated to a value of $30.7 million, which means Caruso will have saved a few hundred thousand dollars this year on taxes. The stipulation doesn’t establish a new base value on the tax roll, so should Caruso seek a reduction next year, he will have to come back to the county with the request.

To submit a comment on this article, email letters@independent.com or visit our Facebook page. To submit information to a reporter, email tips@independent.com.



event calendar sponsored by:

Body of Los Angeles Firefighter Found in Montecito Mountains

Captain Wayne Habell had been reported missing on August 13.

Natural Disaster Federal Loan Update

The U.S. Small Business Administration offers low rates.

Laura’s Law Program Praised by County 

The Assisted Outpatient Treatment program tackles serious mental-health issues.

Front Fire Tops 1,000 Acres in Los Padres National Forest

Containment was estimated at 5% on Monday morning.

Runner-Up Protests City Pot Pick

SGSB says retail selection result was "manifestly unfair."